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Agenda Sec-'on: 9•C <br /> ST FOR COUNCIL CONSIDERATION Report Nuraber. 94-1086C <br /> Report Date: 2-24-94 <br /> STAFF REPORT <br /> .g.';' Cannel Acton: <br /> February 28, 1994 <br /> NC SpenalOrder ofBusiness <br /> C COUCIL MEETING DATE Puretic Hearings <br /> G Consent Agenda <br /> • <br /> ff Council Business <br /> Item Description: Consideration of Resolution for Public Hearing on the Question of Establishing <br /> An Economic Development Authority for the City <br /> Administrator's Review/Recommendation: <br /> - No comments to supplement this report <br /> - Comments attached. <br /> Explanation/Summar/-(attach-supplement-sheets-as necessary.) <br /> ,cTTM'Vf ARy: <br /> One of the recommendations of the FOCUS 2000 Business, Growth and <br /> Development Team is to establish an Economic Development Authority. This <br /> recommendation is also consistent with the Council's goal of creating a <br /> mechanism by which the City can enhance its economic development <br /> opportunities. <br /> The purpose of the FOCUS 2000 was to engage community members in the <br /> planning activities for the future of their community. It is clear by the <br /> quality of participation and final report that a number of very dedicated <br /> residents and business owners greatly value having a part in shaping the <br /> ' future of Mounds View. To that end, it is a pleasure for staff to present <br /> to the Council and the FOCUS 2000 members the first action step in the <br /> ' process of establishing a viable economic development program in the City <br /> of Mounds View. <br /> In order to begin the process, it will be necessary to hold a public <br /> hearing on the establishment of the Economic Development Authority. Because <br /> of the more restrictive publication requirements (published twice, one week <br /> apart and no more than 30 days prior to the hearing) , it is necessary to <br /> schedule the public hearing for the last meeting in March. <br /> . The City's Bond Counsel, Jim O'Meara has been working on the documents <br /> which will formally establish the EDC and will be. present at the March 7th <br /> Work Session to review the procedures with the Council. <br /> -7 <br /> Samntha Orduno, City Administrator <br /> RECOMMENDATION: <br /> Motion to waive the reading and approve Resolution No. 4514 Calling for <br /> Public Hearing on the Question of Establishing an Economic Development <br /> Authority for the City <br />